Electoral Bonds (EBs)
- Recently, the government has approved the issuance of the 27th tranche of electoral bonds that will open for sale on July 3.
- Electoral bonds are a financial instrument introduced by the Government of India in 2018 as a means to facilitate anonymous political donations.
- An electoral bond is a bearer instrument, like a promissory note, that is payable to the bearer on demand to donate their contributions to political parties.
- State Bank of India (SBI) is the only authorised bank to issue electoral ....
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